A new 海角视频 Government fund has been announced to help steelworkers affected by job losses to start up new businesses. Ministers said the aim is to help steelworkers and their families in the Port Talbot area affected by recent huge job cuts at the giant Tata site.
Welsh Secretary Jo Stevens said there will be another 拢13m of support from a transition board set up following the job cuts.
It will provide non-repayable grants of up to 拢10,000 for workers, families and businesses affected by the closure of the blast furnaces at the Port Talbot plant.
It was also announced that two more new support schemes will be launched targeted at firms in the Port Talbot area and businesses in the Tata supply chain, with non-payable grants of 拢2,500-拢250,000 available.
Jo Stevens said: 鈥淎s a government, we are determined the transition board delivers for the steelworkers of Port Talbot, for the region鈥檚 businesses and for the community.
鈥淭his remains a really difficult time for workers in Port Talbot and their families.
鈥淢any of them will have aspirations to set up their own businesses or become self-employed, and the 拢13m released today will provide vital backing for them to make their plans a reality.
鈥淲e said we would back workers and businesses affected by the transition at Port Talbot and we are doing so, with more than 拢26m announced since July.鈥
Welsh Government Economy Secretary Rebecca Evans said: 鈥淲e continue to work with the 海角视频 Government and local partners to ensure that our targeted support has the broadest and deepest positive impact on those affected by the transition to an electric arc furnace in Port Talbot.
鈥淪peaking to many across the local community, I know what a difference extending available funding to immediate family will make.
鈥淭his is part of our commitment to doing everything within our power to support businesses, households and communities to bounce back and ensure that Port Talbot and the surrounding area continues its proud history as a vital cog in the Welsh economy.鈥
Neath Port Talbot council leader Steve Hunt said: 鈥淚 keenly welcome the announcement of these funding packages to support both start-ups and existing businesses across our community.
鈥淭he steelworks have been a lynchpin for our economy for over a century, and so changes on this scale impact not only directly affected workers at Tata Steel, but many other closely connected companies.鈥
